INSUBCONTINENT EXCLUSIVE:
Reliance Jio, the telecom and digital arm of Reliance Industries, on Friday reported a 25% year-on-year (YoY) growth in its net profit at Rs
7,110 crore for the first quarter
While revenue from operations grew 19% YoY and stood at Rs 41,054 crore in the same period."I am happy to share that Jio has scaled newer
heights during the quarter, including crossing 200 million 5G subscribers and 20 million home connects," said Mukesh Ambani.ARPU for the
quarter improved significantly to Rs 208.8 in the first quarter, compared with Rs 206.2 in the preceding quarter and Rs 181.7 in the
year-ago period.Operating revenue was growth driven by strong subscriber growth momentum across mobility and homes, increased customer
engagement, and growth in the digital services business.EBITDA for the first quarter increased 24% YoY to Rs 18,135 crore, while EBITDA
margins improved 210 bps to 51.8%
The growth is driven by higher revenues and strong margin improvement.
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Ambani-led conglomerate's earningsMargin increase was led by operational leverage and a sharp focus on cost efficiencies.The company saw
industry-leading customer engagement with per capita data consumption of 37 GB / month, and total data traffic growth of 24% YoY during 1Q
FY26.Monthly churn was 1.8% with net subscriber addition of 9.9 million during the quarter
In addition, momentum was driven by continued market share gains in mobility and record home connects.Also Read: Reliance Retail Q1 Results:
PAT rises 28% YoY to Rs 3,271 crore, revenue up 11%"Jio continues to create unparalleled technology infrastructure and is extending its
leadership in 5G and fixed broadband
This will be pivotal in driving AI adoption in the country," said Akash Ambani.Jio AirFiber is now the largest FWA service provider in the
world, with a base of 7.4 million subscribers
"The digital Services business consolidated its market position with a robust financial and operational performance
Through its differentiated offerings across mobility, broadband, enterprise connectivity, cloud and smart homes, Jio has positioned itself
as the technology partner of choice for Indian consumers," said Ambani.
